This act distributes Marshall County's additional TVA in-lieu-of-taxes payments by sending 25% to local school systems and 75% to a county discretionary fund managed by a three-member committee.
It splits the increased TVA in-lieu-of-taxes payments for Marshall County: 25% goes to the county's school boards on a per-pupil basis using enrollment data from the last day of the first monthly attendance report of each school year, and 75% goes to a new county discretionary fund. The discretionary fund may be used for any lawful purpose by warrants under the direction of a Discretionary Fund Committee, which has three members: one Marshall County resident appointed by the state Senator, and two members appointed by the county's House members (each from the respective district). The distributions are separate from other TVA payments, and the act becomes effective immediately after the Governor signs it.
Delivered to Governor at 2:15 p.m. on June 2, 2011.
Assigned Act No. 2011-602.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 905
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Local Legislation No. 1
Motion to Read a Third Time and Pass adopted Roll Call 861
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Local Legislation
Source: Alabama Legislature